Page 6 - Investment

Motilal Oswal arm announced to invests Rs 400 crore in Pan Heathcare

A Motilal Oswal arm on Tuesday announced a Rs 400 crore investment in Rajkot-based hygiene products maker Pan Healthcare for a minority stake. The company established in 2016, which manufactures diapers and sanitary napkins, will use the funds for brand building and ramping up distribution, its promoter Chirag Pan said in a statement. Funds managed by or advised by Motilal Oswal Alternate Investment Advisors (MO Alts) have invested in the company of Pan Group, which also has interest in cement, cotton, steel and agri-trading, the statement said. Vijay Dhanuka, head of consumer sector at MO Alts said the hygiene products segment in India is significantly underpenetrated as reflected by per capita diaper consumption of less than 60 units as against 1,000 in the US and 400 in China, and the market is dominated by multinational companies. The company's strategy of creating large-scale operations, be it in manufacturing or in offline distribution through large feet-on-street workforce,

ONGC to explore investing in Argentina gas assets: Chairman Arun Kumar

The company also signed a memorandum of understanding with Argentina's state oil company YPF for hydrocarbon cooperation

Municipal corporations may issue bonds worth Rs 1000 cr in next 3 months

Indore announces green bond issuance for Rs 244 cr, amount raised will be used to set up solar power plant

India's 1st new mobility-focused cluster in Telangana; to attract investors

The Telangana government on Monday launched the country's first new mobility-focused cluster, Telangana Mobility Valley' (TMV), which aims to attract investments of around Rs 50,000 crore and generate more than 4 lakh jobs in the next five years in the state. In his inaugural address at the first edition of Mobility Next Hyderabad Summit part of the Hyderabad E-Mobility Week, state Minister for IT, Industries and Commerce K T Rama Rao said, To further accelerate growth of sustainability mobility in India, I hereby announce India's first New Mobility focused cluster, the Telangana Mobility Valley. He said TMV will create best in class infrastructure making Telangana the most competitive destination for both manufacturing and E R&D in India. Rama Rao noted that the government is developing four mega clusters in and around Hyderabad--EV Manufacturing clusters, Energy storage system (ESS) cluster and Innovation cluster. TMV aims to facilitate companies across all segments of ...

Murugappa group's Chola expects 30% AUM growth next fiscal, bets on EVs

Chennai-based company is expanding EV presence by forming tie ups with original equipment manufacturers

Proposed fee structure for the AIF Industry to level playing field

Direct plans, trail model for distribution of commission in Sebi's line of sight

Budget 2023: 20% TCS may take sheen off investments in foreign stocks

The money can be adjusted later, but the blocking of 20 per cent capital till tax filing is likely to dissuade direct investment in foreign equities

Changing tracks

Investment in Indian Railways must be backed by reforms

Hindujas to invest Rs 10,000 crore to raise stake in IndusInd Bank

The Hinduja group has also offered to take over Reliance Capital for Rs 9,000 crore, but its offer is facing litigation from its rival bidder Torrent

Budget 2023: Capital gains cap at Rs 10 crore to hit luxury home sales

The finance minister on Wednesday proposed to limit deductions from capital gains on investment in residential houses under Sections 54 and 54F to Rs 10 crore

IDFC Ltd to invest Rs 2,200 crore in IDFC First Bank, up its stake to 40%

IDFC board declares special interim dividend of Rs 11 per share; Govt of India, the firm's largest shareholder, to receive Rs 287 cr payout

Adani Enterprises' Rs 20,000-crore FPO sails through Hindenburg storm

At 2:40 p.m, the share sale had garnered 84% subscription; after adding Rs 5,985 cr raised from anchor investors, the issue has crossed the mandatory 90% subscription mark

Andhra CM seeks investments, announces Visakhapatnam as new capital

Jagan Reddy invites companies, diplomats to a two-day summit in Visakhapatnam in March

Adani Enterprises FPO garners 3% on Day-2; IHC throws Rs 3,200-cr lifeline

IHC money to come in on final day; Maybank Securities has subscribed for shares worth Rs 2,040 crore as anchor, LIC has submitted bids worth Rs 300 crore

LIC has not received board mandate to invest beyond Rs 300 cr in Adani FPO

Will engage with Adani management for clarifications Hindenburg charges

Abu Dhabi's IHC to invest $400 mn in Adani Enterprises' follow-on offer

Investor says it has 'confidence and belief in the fundamentals of Adani Enterprises'

CPP Investments anchors new IndoSpace fund with $205 mn investment

Investment will add an additional 25-30 million square feet to real estate firm's portfolio

Hindenburg report 'gas and fire', our FPO, investment plans on track: Adani

Group cos churning Rs 1,100 cr Ebitda a week

Setting benchmarks: Here are 10 high-performance diversified equity schemes

They are an assortment of above-average short- and long-term returns, low expense ratios, and lower investment risk. Krishna Kant cherry-picks the best in class

$1 trillion green investment matches fossil fuels for first time: Report

Global investments in the clean energy transition hit $1.1 trillion in 2022, roughly equal to the amount invested in fossil fuel production